Monday, May 14, 2012

Technical Analysis May 2012: YTLPOWR (6742)


YTL POWER INTERNATIONAL BHD

Observation from Chart:-

14 May 2012, YTLPOWR retest RM1.57 support level.

Will it rebound?

Other indicator:-
MACD indicator trade at negative region, downtrend sign.
Stochastic %K already at oversold stage.

Strong support would be RM1.57 level.
Strong resistance would be around RM1.71 level.

Let watch closely for technical rebound.

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